SBA Ledger

States › Alaska

State0.2% of US approvals65 lenders active

SBA loans in Alaska

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.

SBA approved 647 small business loans in Alaska in FY2021 to FY2025: 543 under the 7(a) program and 104 under 504, worth $477M together.

That is 29.2 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.2% of all approvals in the country (51st of 54 states and territories).

In FY2025 there were 129 approvals totalling $87.1M, about level with FY2024. The median 7(a) approval over the five years was $351K and the median 504 approval $515K.

65 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Northrim Bank (87), Alaska Growth Capital BIDCO, Inc. (82) and KeyBank National Association (63).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 4.8% as charged off, against 6.6% nationally.

129approvals, FY2025647 in FY2021–FY2025
$87.1Mapproved, FY2025$477M in FY2021–FY2025
29.2approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$351Kmedian 7(a) approvalUS: $190K
4.8%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.

Most active 7(a) lenders in Alaska

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in AK, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Northrim BankAnchorage, AK87$53.3M16.0%$375K3.9%
2Alaska Growth Capital BIDCO, Inc.Anchorage, AK82$81.8M15.1%$650K6.4%
3KeyBank National AssociationCleveland, OH63$18.0M11.6%$75K4.3%
4Wells Fargo Bank National AssociationSioux Falls, SD61$25.3M11.2%$15K7.9%
5Live Oak Banking CompanyWilmington, NC25$38.9M4.6%$850K2.2%
6Newtek Small Business Finance, Inc.Lake Success, NY25$22.4M4.6%$300K6.8%
7Newtek Bank, National AssociationMiami, FL25$20.6M4.6%$225K—
8Northeast BankLewiston, ME20$2.6M3.7%$106K12.8%
9First National Bank AlaskaAnchorage, AK14$11.5M2.6%$453K—
10BayFirst National BankSaint Petersburg, FL14$3.6M2.6%$150K19.2%
11Readycap Lending, LLCBerkeley Heights, NJ13$10.1M2.4%$138K4.3%
12Harborstone CULakewood, WA7$12.5M1.3%$500K5.2%
13Mt McKinley BankFairbanks, AK7$816K1.3%$60K—
14First Internet Bank of IndianaFishers, IN6$13.4M1.1%$895K5.3%
15HomeTrust BankAsheville, NC6$3.7M1.1%$817K2.8%
16Celtic Bank CorporationSalt Lake City, UT6$2.1M1.1%$150K17.0%
17The Huntington National BankColumbus, OH5$7.1M0.9%$92K5.7%
18First Bank of the LakeOsage Beach, MO5$5.4M0.9%$350K2.7%
19Mountain Pacific BankEverett, WA5$5.2M0.9%$999K2.0%
20United Midwest Savings Bank National AssociationDe Graff, OH5$2.2M0.9%$150K15.9%
21Enterprise Bank & TrustClayton, MO4$3.5M0.7%$941K1.1%
22Pathward National AssociationSioux Falls, SD4$2.7M0.7%$815K5.1%
23FDIC - Community Bank & Trust-West GeorgiaLagrange, GA3$5.5M0.6%$923K7.1%
24Blue Ridge Bank National AssociationMartinsville, VA3$4.2M0.6%$630K1.4%
25Native American Bank, National AssociationDenver, CO3$327K0.6%$235K—
26Beacon Bank and TrustBrookline, MA2—0.4%$630K4.6%
27Bank of HopeLos Angeles, CA2—0.4%$350K6.5%
28BankVistaSartell, MN2—0.4%$250K6.6%
29City National Bank of FloridaMiami, FL2—0.4%$350K10.7%
30Byline BankChicago, IL2—0.4%$806K9.5%
31CenTrust Bank, A Division of SmartBiz Bank National AssociationNorthbrook, IL2—0.4%$150K2.8%
32Lendistry SBLC, LLCLos Angeles, CA2—0.4%$150K22.7%
33Seattle Economic Development Fund dba Community CaTukwila, WA2—0.4%$125K3.6%
34MVB Bank, Inc.Fairmont, WV1—0.2%$909K1.1%
35Stearns Bank National AssociationSaint Cloud, MN1—0.2%$266K9.9%
36Bank of SpringfieldSpringfield, IL1—0.2%$167K5.7%
37Patriot Bank, National AssociationStamford, CT1—0.2%$576K10.7%
38Gulf Coast Bank and Trust CompanyNew Orleans, LA1—0.2%$623K6.4%
39Denali State BankFairbanks, AK1—0.2%——
40Bank Five NineOconomowoc, WI1—0.2%$450K4.5%

504 certified development companies

#LenderApprovals in AK, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Evergreen Business CapitalSeattle, WA · 504 CDC101$75.2M97.1%$618K0.8%
2Ameritrust CDCEdmonds, WA · 504 CDC2—1.9%$743K0.3%
3Mortgage Capital Development CorporationOakland, CA · 504 CDC1—1.0%$913K0.3%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*64$44.5M$250K16$14.3M80769
FY2025116$80.4M$348K13$6.7M1291,286
FY2024116$86.9M$284K15$13.6M1311,135
FY2023107$73.5M$250K28$17.6M1351,730
FY202284$60.1M$450K29$26.8M1131,472
FY2021120$99.3M$417K19$12.6M1391,792
FY202073$30.4M$217K9$5.6M82698
FY2019103$61.7M$275K8$3.2M1111,030
FY2018105$84.7M$356K19$7.3M1241,687
FY2017100$46.5M$200K14$15.3M114868
FY2016155$68.5M$80K13$7.2M1682,025

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in Alaska by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Anchorage Municipality295$229M8,79933.5
2Matanuska-Susitna Borough99$87.7M2,82235.1
3Fairbanks North Star Borough75$52.3M2,57629.1
4Kenai Peninsula Borough58$29.3M2,40524.1
5Juneau City and Borough27$20.2M1,10024.5
6Sitka City and Borough13$14.6M40532.1
7Kodiak Island Borough12$7.2M45026.7
8Ketchikan Gateway Borough9$3.7M60314.9
9Aleutians West Census Area7$8.3M11958.8
10Chugach Census Area7$3.9M37918.5
11Southeast Fairbanks Census Area6$2.0M17234.9
12Skagway Municipality6$2.5M11253.6
13Bristol Bay Borough5$3.4M11443.9
14Northwest Arctic Borough3$1.1M6546.2
15Yukon-Koyukuk Census Area3$1.0M9232.6
16Wrangell City and Borough3$1.3M9730.9
17Bethel Census Area3$3.9M21514.0
18Petersburg Borough3$2.0M18816.0
19North Slope Borough2—14513.8
20Copper River Census Area2—10419.2
21Denali Borough2—10618.9
22Dillingham Census Area2—12116.5
23Lake and Peninsula Borough2—5735.1
24Yakutat City and Borough1—2934.5
25Nome Census Area1—1745.7
26Prince of Wales-Hyder Census Area1—1755.7

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 722561$33.1M9.4%
2Building Equipment ContractorsNAICS 238223$29.9M3.6%
3Services to Buildings and DwellingsNAICS 561721$16.6M3.2%
4Traveler AccommodationNAICS 721119$23.9M2.9%
5Automotive Repair and MaintenanceNAICS 811119$9.5M2.9%
6Offices of Other Health PractitionersNAICS 621319$8.8M2.9%
7Other Specialty Trade ContractorsNAICS 238916$13.0M2.5%
8Other Amusement and Recreation IndustriesNAICS 713916$4.9M2.5%
9Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 623315$20.1M2.3%
10Offices of DentistsNAICS 621215$13.5M2.3%
11Other Professional, Scientific, and Technical ServicesNAICS 541913$15.8M2.0%
12Lessors of Real EstateNAICS 531112$15.5M1.9%
13Architectural, Engineering, and Related ServicesNAICS 541311$8.6M1.7%
14Building Finishing ContractorsNAICS 238311$4.0M1.7%
15FishingNAICS 114111$2.9M1.7%

Sectors

#NAICS sectorApprovalsShare
1Accommodation and Food Services9815.1%
2Retail Trade9013.9%
3Construction8312.8%
4Health Care and Social Assistance6810.5%
5Professional, Scientific, and Technical Services497.6%
6Other Services (except Public Administration)477.3%
7Administrative and Support and Waste Management and Remediation Services436.6%
8Transportation and Warehousing396.0%
9Manufacturing335.1%
10Real Estate and Rental and Leasing253.9%

Franchise brands

#BrandApprovalsShare
1Yamaha20.3%
2Super 8 by Wyndhan10.2%
3Cold Stone Creamery10.2%
4Golden Corral10.2%
5Wingate by Wyndham10.2%
6RE/MAX Alaska Region10.2%
7Nissan North America, Inc.10.2%
8Crumbl10.2%
9Kfc10.2%
10Keller Williams Market Center License Agreement10.2%

How earlier loans turned out

Alaska, 7(a)4.8%
United States, 7(a)6.6%
Alaska, 5042.5%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021AK 7(a)US 7(a)AK 504US 504
Approvals in these years1,387639,90521585,591
Cancelled or never disbursed16579,3131712,514
Disbursed loans1,222560,59219873,077
Paid in full915435,8139135,491
Charged off5936,8915905
Still outstanding (status exempt from disclosure)24887,88810236,681
Charged off, share of disbursed loans4.8%6.6%2.5%1.2%
Dollars charged off, share of disbursed dollars2.4%2.5%3.7%0.9%
Dollars charged off$15.6M$5.70bn$4.9M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025AlaskaUnited States
Approvals per 1,000 establishments29.241.0
Median 7(a) approval$351K$190K
Median 504 approval$515K$657K
504 share of approvals16.1%11.0%
Jobs supported per approval, as reported11.510.5
Approvals, change on FY2016–FY20208%10%

Questions and answers

Which lenders make the most SBA loans in Alaska?

By 7(a) approvals in FY2021 to FY2025: Northrim Bank (87), Alaska Growth Capital BIDCO, Inc. (82), KeyBank National Association (63), Wells Fargo Bank National Association (61), Live Oak Banking Company (25). For 504 loans: Evergreen Business Capital (101), Ameritrust CDC (2), Mortgage Capital Development Corporation (1). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in Alaska?

The median 7(a) approval was $351K and the median 504 approval $515K; the average across both programs was $738K.

Which industries get the most SBA loans in Alaska?

Restaurants and Other Eating Places (61); Building Equipment Contractors (23); Services to Buildings and Dwellings (21); Traveler Accommodation (19); Automotive Repair and Maintenance (19).

Which Alaska counties receive the most SBA loans?

Anchorage Municipality (295), Matanuska-Susitna Borough (99), Fairbanks North Star Borough (75), Kenai Peninsula Borough (58), Juneau City and Borough (27), by approvals in FY2021 to FY2025.

Is SBA lending in Alaska rising?

Approvals in the three latest complete fiscal years total 395, against 334 in the three before: rising (+18%).

What share of SBA loans in Alaska are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 4.8% are recorded as charged off (national: 6.6%); for 504 loans the figure is 2.5% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

About these figures

Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error